The following analysis of the Washington, D.C. Metro and Baltimore Metro Area housing markets has been prepared by Elliot Eisenberg, Ph.D. of MarketStats by ShowingTime and is based on December 2017 Bright MLS housing data.
DC Metro Area - Overview
Washington D.C. Metro’s December median sales price of $420,050 was up 2.4% or $9,950 compared to last year. For the calendar year ending December 2017, the overall median sales price was up 2.4% to $425,000. In 2017, each month’s median sales price was higher year-over-year and every month’s median sales price was the highest monthly level of the decade.
Closed sales of 3,886 were down 3.4% compared to last year and were 4.8% below last month.
New contracts of 3,314 were down 6.3% compared to last year and down 22.0% compared to last month.
New listings of 2,799 were down 9.4% compared to last year and down 35.0% from last month.
Active listings of 6,734 are down 9.7% compared to last year and down 22.0% compared to last month. This is the 20th consecutive month of declines in year-over-year inventory.
The average percent of original list price received at sale in December was 97.2%.
The median days-on-market for December 2017 was 27 days, two days lower than last year.
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